Impact Coatings AB to Provide Coating Services for Chinese fuel cell Manufacturer
Key Ideas
- Impact Coatings AB has received a Letter of Intent from FTXT Energy Technology Co., Ltd., a Chinese manufacturer, for continued supply of coating services for fuel cell bipolar plates.
- The collaboration involves production capacity from Impact Coatings' Coating Service Center in Shanghai for a volume corresponding to at least CNY 4.5 million in revenue for the remainder of 2025.
- FTXT Energy Technology Co., Ltd. was established in 2019 by Great Wall Holding Group and focuses on developing core products for fuel cell engines and hydrogen storage cylinders.
- The companies have also initiated a development collaboration concerning fuel cell coating technology to enhance their offerings for automotive and other fuel cell applications.
Impact Coatings AB, a company specializing in coating services, has secured a significant deal with FTXT Energy Technology Co., Ltd., a leading Chinese manufacturer of fuel cell systems and stacks. This partnership involves the continued supply of coating services for fuel cell bipolar plates, indicating a positive outlook for hydrogen technology. Impact Coatings will provide production capacity from its Coating Service Center in Shanghai, catering to a volume of at least CNY 4.5 million in revenue for the rest of 2025. The collaboration, which began in 2024, has already shown promising results after the official approval of Impact Coatings' Premium FC coating for heavy-duty fuel cell applications. FTXT Energy Technology Co., Ltd., established in 2019 by Great Wall Holding Group, focuses on developing innovative products such as fuel cell engines and hydrogen storage cylinders. The company has actively promoted the use of hydrogen energy and zero-carbon solutions through various demonstration projects, including hydrogen heavy-duty trucks and buses for specific construction projects. The joint efforts of Impact Coatings and FTXT Energy Technology Co., Ltd. are aimed at advancing fuel cell coating technology, showcasing a commitment to sustainable and renewable energy solutions in the automotive and fuel cell industry.